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Publications of Wong MNC Center Staff and Research Fellows

Latin American countries were pioneers in developing economies’ outward foreign direct investment (OFDI) activities. Since late 1960s and early 1970s, Latin American countries, mainly Argentina and Brazil, led the first wave of OFDI from developing economies. Though they lost ground during the 1980s debt crisis, Latin American OFDI has been catching up since late 1990s. In contrast, China’s participation in OFDI started much later, mainly after the year 2000, but accelerated quickly after 2008.

This piece discusses the general features as well as economic and political goals of China's Belt and Road Initiative (BRI) and the associated Maritime Silk Road Initiative (MSRI), with a special focus on the MSRI in South Asia, a key MSRI region. It also identifies a number of economic factors at the country level, and with respect to China-e.g., high debt levels for some South Asian participants and and Chinese limits on outward foreign direct investment (FDI)-that will affect the realization of the MSRI.

The authors’ original 2007 Journal of International Business Studies article, “The Determinants of Chinese Outward Foreign Direct Investment,” was the first theoretically based empirical analysis of the phenomenon. It utilized internalization theory to explain the internationalization of Chinese state-owned enterprises. This paper showed that the authors’ had failed to ask sufficiently challenging questions about the effects of home country institutions on outward foreign direct investment (OFDI).

This piece tackles the important issue of whether or not China's planned major reform of its government structure will have positive implications for foreign businesses. It argues that there are logical, factual, and historical reasons to be cautious such as the fact that fewer government ministries do not necessarily mean there will be agencies that are friendlier to foreign companies.

This piece looks at the future of Cuba's relations with China in the post-Castro era. It notes that Cuba faces substantial serious domestic and international political and economic challenges and that because of this it sees China as a potential ally and source of economic support. While China will be interested in strengthening its backing for Cuba because of the latter's vital location, it will be cautious. First, China will not want to "jeopardize the hugely more important U.S.

The authors present a multilevel, in-depth analysis of Chinese investment in Ireland using semi-structured interviews and case studies. Their findings suggest that while Chinese FDI can be explained to an extent through classical theories of FDI, such investment is unconventional in many regards and thus requires the extension of established theories.

Chinese outward foreign direct investment (OFDI) only started to increase significantly in the Baltic Sea Region (BSR) after the outbreak of the 2008 Great Financial Crisis. Chinese OFDI (COFDI) in the BSR has been heavily concentrated in Germany and Russia with a very strong focus on the energy and technology sectors.

China has been attracting huge amounts of inward foreign direct investment (FDI). However, it exhibits large dissimilarities in terms of FDI localization across territories that warrant further investigation. In this study, the authors explore the determinants of inward FDIs patterns in China at the county level.

This study explores China’s support of outward foreign direct investment (OFDI) through state supported development loans to host countries. Through such loans, China develops commercial and diplomatic relationships with host countries, which, in turn, facilitates Chinese firms’ access to resources while at the same time limiting their exposure to host country political risk.